Full House Resorts Q1 revenue up 39.6% to $69.9M; American Place leads growth

FULL HOUSE RESORTS INC

2024-Q1 EPS reported -$0.33 revenue$69,924,000

Revenue $69.9M, +39.6% YoY; net loss $11.3M ($0.33/share) vs $11.4M prior year.
Adjusted EBITDA $12.4M, +22.6%; American Place revenue $25.8M, property EBITDA $7.4M.
Chamonix Casino Hotel phased opening; high-end steakhouse opened April 19; pool/spa expected before Memorial Day.
Cash $46.3M, including $20.6M reserved for Chamonix; debt $450M senior notes plus $27M revolver.
West segment revenue +60.4% to $13.0M but Adjusted EBITDA -$0.1M due to startup costs and weather.

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